I have been seeing @paperdao_xyz everywhere lately, so I looked into it.
The interesting part is that PaperDAO is pooling ETH so participants can trade @papertrade_xyz together at size from the earliest stage.
Here is the setup:
$0 starting LP.
No seed liquidity.
No premint.
No team/VC $PAPER allocation.
PaperDAO plans to deploy pooled capital early, accumulate $PAPER, and let the treasury hold/stake what it earns.
The raise is currently live, with trading expected around Oct. 10.
I am definitely keeping an eye on them, are you positioned?